http://www.rudofskyassociates.com/news Financial News for Business Owners Tue, 07 Feb 2012 01:22:17 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 http://www.rudofskyassociates.com/news/2009/10/30/sba-lending-down-36-for-fiscal-09/ http://www.rudofskyassociates.com/news/2009/10/30/sba-lending-down-36-for-fiscal-09/#comments Sat, 31 Oct 2009 01:08:00 +0000 David http://www.rudofskyassociates.com/news/?p=465 The “Wall Street Journal” reported that the number of SBA guaranteed 7(a) loans was down 36% in fiscal 2009, totaling $9.3 billion, which was $3.4 billion less than the previous fiscal year. Reasons for the drop-off in SBA loans include scarce credit, and the riskier nature of small business loans, which hit a 12% failure rate in 2008, up from 2.4% in 2004, according to the Coleman report.    SBA loans did rebound in September 2009, which the agency credited to stimulus measures, including an increase in the SBA’s maximum guarantee from 80% to 90% of the loan amount.

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